Click on chart for a larger image of the Crude Oil (CL) market trade.Sometimes, BIAS gets in the way, and then the nice TRENDING trades come along, that you kick yourself in the BU Double T about not taking full advantage of what the market is giving you on a trading day.
Occasionally, even experienced seasoned traders fall into the BIAS trap ... and today it happened to me. Although, we were able to be more than positive on the week. We left some profits that could have been ours on the table in our trading.
Oh yes, in hindsight, you are always correct. But in the heat of the battle, and your blood and adrenlin is running, it can be difficult to get your head around what exactly is going on.
This is where your skill set of Discipline, Patience, and Self-Control will WIN the day for you more times than not, in your day trading routine. In any case, what a couple of awesome trades in Gold and Crude Oil today.
Good Trading,
David "Tiger" Knight
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